The life of briefcase is
four years, next issue of briefcase shall be after
expiry of four years irrespective of change of
entitlement on promotion.
Briefcase not to be
returned after four years.
In case an executive
leaves the service of the Corporation on any account
other than superannuation and Voluntary Retirement
he will have the option to return the old briefcase
or to retain the briefcase subject to payment as
indicated below:
Leaves the Services of the Corporation within
one year of Issuance
Leaves the Service of the Corporation within
two years of Issuance
Leaves the Services of the Corporation after
two years
40% of entitlement
20% of entitlement
NIL
The executive can
purchase their briefcase subject to monetary limit
as per their choice and claim reimbursement directly
to F&A as contingency claim one self
certification after making entry in P&A.
Employee can claim
reimbursement by clubbing maximum two periods.
Clubbing will be allowed after expiry of previous
entitled period.
Employee who have
already purchased briefcase under pre-revised scheme
shall not be entitled for the benefit under the
revised scheme till the expiry of three years from
the date of purchase of briefcase.
